American Pride Bank’s wholesale division is enhancing its offering of one-time-close construction loans, tailoring options specifically for self-employed individuals and real estate investors. This strategic expansion aims to address the unique financial needs of these demographics, offering them streamlined access to financing for new construction projects. By providing customized loan products, the bank not only promotes greater flexibility but also fosters economic growth among entrepreneurs and property developers. The changes reflect a growing recognition within the mortgage industry of the importance of catering to diverse borrower profiles.
Key highlights of this expansion include:
– **New Loan Options**: Tailored specifically for self-employed workers, providing flexibility in income verification.
– **Real Estate Investors Support**: Enhanced offerings for property developers, facilitating easier access to financing for new projects.
– **Streamlined Process**: The one-time-close construction loans simplify the borrowing experience, making it more efficient for clients.
– **Commitment to Economic Growth**: By supporting entrepreneurs and investors, American Pride Bank aims to stimulate local economies through construction projects.
You can read this full article at: https://www.housingwire.com/articles/american-pride-bank-construction-loans/(subscription required)
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